Re: (OT) Bet you're gonna wish for the Fair Tax now...

"The Pinnacle of Cynical [was LH]"
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In article <Xns9A39A8C5FFFD8gsaulschuyler@xxxxxxxxxxxxx>,
"G. Saul Schuyler" <saul@xxxxxxxx> wrote:

"The Pinnacle of Cynical [was LH]"
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In article <13qc3pkcacvce09@xxxxxxxxxxxxxxxxxx>,
"Lord Gow333, Conservative Fullback!" <lordgow@xxxxxxxxx> wrote:

"The Pinnacle of Cynical [was LH]"
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"Lord Gow333, Conservative Fullback!" <lordgow@xxxxxxxxx> wrote
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"The Pinnacle of Cynical [was LH]"
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In article
<b48b100b-0647-41ba-a9b2-44d23ffc4284
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com>, "Torrey M. Spears" <nwophoenix@xxxxxxxxx> wrote:

On Feb 1, 10:38 pm, "The Pinnacle of Cynical [was LH]"
<llllkkkldhzztrd@don'tspamstopthespamminggmailspot.com>
wrote:
In article <13q7d6uks5jm...@xxxxxxxxxxxxxxxxxx>,
"Lord Gow333, Conservative Fullback!"
<lord...@xxxxxxxxx> wrote:


The cost of everything rising 30% will never work.


you, of course, understand the fair tax is a 23%

Incorrect. It is 30%. The 23% figure is a lie from the
proponents
of
the fair tax. The price of an item is $1.00. After applying
the tax the
price will be $1.30. That is an increase of 30%. The fair
tax people say
"30¢ off of $1.30 is 23%." Well it is. But that isn't when
the percentage increase was applied. It's a fucking lie.
The government gets
23%. From the new figure. The percentage of increase on the
product is
actually 30%.

consumption tax that
would be embedded into the cost of goods sold - i.e. a 50
dollar camera would cost you 50 dollars, not 56.23 - and
the 23% of that 50 dollars would be the consumption tax -
which would go straight to the
gub'ment.

Completely wrong. The price "embedded" would increase the
price of
a
product. The industries are not going to lower the cost of
an item and
take the loss because they have the pay 23% of that to the
government.
No. That $50 camera is going to increase 30% in price so
that 23% of that will go to the government.

So using your $50 example. The camera costs $50. Add 30%
markup.
The
sales figure on the floor will be $65. The government takes
23% of that
so that the retailer will make their $50 from it. What your
suggesting
is complete bunk.


I was under the understanding if the product has a price of
$50 now, it'll have a price of $50 in the future. The
difference is the sales tax
gathered. Right now, I pay 7% in sales tax, so the items
costs a total of
53.50 after tax. With the fair tax, that $50 item after tax
would cost $65. The extra $11.50 goes to the government.

Is this right? Gow, TMS? Am I off base?

The sales tax you pay now is a state entity and will probably
remain unchanged.

The fair tax is deducted from the sale price by the merchant
and sent in
to the government. You never see it happen. It would seem
that the merchant would then have to raise his price to make
the same money, but don't forget that he, the trucker, the
distributor, the manufacturer, etc.
are no longer paying any income tax and are therefore not
including that
into the price of their services. The item then arrives at
the merchant's
door cheaper than it used to, so after he adjusts his price
to cover the
FairTax you will pay about the same.

LG

Thank yew! That's exactly what I was looking for. Not the
answer so much, but the brief, concise explanation. Need to
check the book out agayne.


I also have a book for you about unicorns and leprechans.

Ya know, while I was on Amazon just now I noticed there was an
opposition book about the FairTax so I checked it out. In the
ranks of Amazon customers, hardly a Conservative stronghold, said
book received no fewer than 20 one-star ratings out of 20. As you
can not rate items at zero stars go ahead and draw you own
conclusion.


Yes. I'm obviously the type to care what the mass population
thinks
and base my opinion on that. You sure got me right!

The FairTax is coming, Bub. It's just a matter of when.



The day that is signed into law with the 16th Amendment is
repealed
at the same time, I will eat your hat.


Stefan, dear, being that you are a self-declared cineaste, wouldn't
the more appropriate object of your mastication be a shoe? You know,
like Werner Herzog said to Errol Morris? Were they talking about
"Gates of Heaven"?


I was trying to be old-fashioned. I was referring to a John Denver
country boy after all.


Oh, Stefan, dear, you have such a folksy way of bring out the
pretentious twat in me. You are salt of the earth and I am a mere
sciolist. Did you know that James Joyce had underlings in Paris research
the lexical grist for his literary mill? If I had such persons I could
aspire to heights heretofore unimagined by RSPW and I'm sure we could
commune on a more delicious plane.
.